Stacking is the process of locking STX tokens to participate in the Stacks network's security, generating Bitcoin rewards in return. Blockdaemon now offers enterprise-grade Stacking for institutional clients.
Blockdaemon operator address: SP21D6BW36TSGWAZS8K4JAJVTNXWKQN9G3TH5MG6A
The minimum amount of STX required for Stacking is dynamic. A useful resource for estimating the minimum STX needed is lockstacks.com. Tokens are locked for approximately 2 weeks, with slight variations due to the Bitcoin network's confirmation time variances. Stackers must confirm their intention to lock STX before the prepare phase of the next reward cycle, which is the last 100 Bitcoin blocks of the ongoing reward phase. Unlike staking mechanisms on other blockchains, Stacking in the Stacks network does not have a slashing mechanism. This means Stackers do not risk losing their stacked STX. Rewards for Stacking are paid out in BTC, not STX. The original STX tokens are unlocked at the end of the cycle without any deduction for participation. Generating additional STX is possible through means separate from the Stacking process. Blockdaemon Validator: STX holders can delegate to Blockdaemon validator to participate in the network and receive rewards.Blockdaemon operator address: SP21D6BW36TSGWAZS8K4JAJVTNXWKQN9G3TH5MG6A